M.S. in Economics - Applied Community and Economic Development

Normal, Illinois

 

INTAKE: August

Program Overview

The M.S. in Economics - Applied Community and Economic Development program at Illinois State University is designed to provide students with a comprehensive understanding of economic principles and their practical application in fostering community and economic development. This program equips students with advanced analytical skills, economic modeling techniques, and the ability to address real-world economic challenges faced by communities and industries.Students may have the opportunity to learn about entrepreneurship and innovation as drivers of economic development.

Curriculum :

  1. Microeconomic and Macroeconomic Theory: Students gain a solid foundation in microeconomic and macroeconomic theories, enabling them to analyze individual economic behavior and broader economic trends that impact communities.

  2. Econometrics and Data Analysis: The curriculum emphasizes econometrics and data analysis techniques to equip students with the ability to analyze and interpret economic data effectively.

  3. Applied Economic Development: Students explore the principles and strategies of applied economic development, focusing on techniques to foster sustainable economic growth and improve the quality of life in communities.

  4. Urban and Regional Economics: The program covers urban and regional economic issues, examining the economic dynamics of cities, regions, and rural areas.

  5. Public Finance and Policy: Students study public finance and policy, understanding how government interventions impact economic development and community well-being.

  6. Community Development Strategies: The curriculum may include courses on community development strategies, exploring approaches to address economic challenges in specific communities.

  7. Capstone Project or Internship: As a culmination of their studies, students may engage in a capstone project or internship, where they apply their economic knowledge to address real-world economic challenges.

  8. STEM-designated Program: The M.S. in Economics - Applied Community and Economic Development program is designated as STEM (Science, Technology, Engineering, and Mathematics) by the United States government. This designation highlights the program's focus on quantitative analysis, data-driven decision-making, and its alignment with STEM-related fields, making it attractive to international students seeking STEM-related opportunities in the United States.

Pollster Education

Location

Normal, Illinois

Pollster Education

Score

IELTS: 6.5

Pollster Education

Tuition Fee

USD 23380

Entry Requirements for International Students (Postgraduate)

Application Fees : US$ 63

  1. Academic Qualifications: A minimum GPA of 3.0 on a 4.0 scale or an equivalent percentage (typically 60% and above) is often required.

  2. English Language Proficiency: The minimum required scores for each test are as follows:

    • IELTS: Overall score of 6.5 with no band less than 6
    • TOEFL: Minimum score of 79 (iBT)
    • PTE: Minimum score of 60
    • DET (Duolingo English Test): Minimum score of 105
  3. GRE (Graduate Record Examination): Some programs may request GRE as part of the application process. The minimum required GRE score is often around 295.

ISU offers several scholarships and financial aid options for international students to help them pursue their academic goals. These scholarships are based on academic achievements, leadership skills, and other criteria. 

  1. International Tuition Waiver: International students who demonstrate exceptional academic performance and show promise for contributing to the ISU community may be eligible for tuition waivers. These waivers can significantly reduce the cost of tuition.

  2. Redbird Academic Scholarship: This scholarship is awarded to incoming undergraduate international students who have outstanding academic records. The scholarship amount varies depending on the student's academic achievements.

  3. Redbird International Ambassador Scholarship: This scholarship recognizes outstanding leadership skills and contributions to the international community. Recipients of this scholarship serve as ambassadors for international students at ISU.

  4. College-Specific Scholarships: Various colleges within ISU offer scholarships for international students pursuing specific academic programs. These scholarships are often based on academic performance and potential for success in the chosen field of study.

  5. Study Abroad Scholarships: ISU encourages international students to engage in study abroad programs to gain global experiences. The university offers scholarships to support international students' participation in these programs.

International students interested in applying for scholarships at ISU should review the specific eligibility criteria and application deadlines for each scholarship.

Graduates of the M.S. in Economics - Applied Community and Economic Development program have promising career opportunities in various sectors focused on economic development and policy analysis.  

  1. Economic Analyst: Graduates can work as economic analysts, conducting research and economic impact assessments for local governments, non-profit organizations, or consulting firms.

  2. Community Development Specialist: Graduates may pursue careers as community development specialists, collaborating with local communities to implement economic development strategies.

  3. Regional Planner: Graduates with a focus on regional economics can work as regional planners, developing plans and policies to promote sustainable economic growth within specific areas.

  4. Policy Analyst: Graduates may become policy analysts, analyzing economic policies and providing recommendations to government agencies or think tanks.

  5. Economic Consultant: Graduates can work as economic consultants, advising businesses or organizations on economic trends and development opportunities.

  6. Urban Development Specialist: Graduates with expertise in urban economics can work as urban development specialists, contributing to the revitalization and growth of urban areas.

  7. Non-Profit Program Manager: Graduates may choose to work in non-profit organizations as program managers, overseeing economic development initiatives aimed at community improvement.

The M.S. in Economics - Applied Community and Economic Development program at Illinois State University equips students with the theoretical knowledge and practical skills necessary to make a positive impact on community and economic development. Graduates are well-prepared for diverse careers in economic analysis, policy development, and community-focused initiatives, contributing to the betterment of society and economic growth at both local and regional levels. The program's STEM designation further enhances its appeal and provides additional opportunities for international students seeking STEM-related careers in the United States.


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